New bid to solve bank carbon footprint enigma

Carbon emissions smoke power station from Fotolia 230x150
By Jon Hay
19 Nov 2020

An accounting standard was launched on Wednesday that could prove a major step forward in how banks and investors calculate their contributions to climate change, and their progress towards net zero emissions.

The Platform on Carbon Accounting Financials, a group started in 2015 by Dutch financial institutions and now with global membership, has published the Global Greenhouse Gas Accounting & Reporting Standard for the Financial Industry.

It is the latest attempt to solve the problem of how banks and investors ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial